Question: 3. (10 pts) Construct from the information below a diagram of market demand and supply schedules, and the competitive equilibrium price interval. Seller Unit Costs

3. (10 pts) Construct from the information below a diagram of

market demand and supply schedules, and the competitive equilibrium price interval. Seller

3. (10 pts) Construct from the information below a diagram of market demand and supply schedules, and the competitive equilibrium price interval. Seller Unit Costs Buyer Unit Values 1st 2nd 1st 2nd 1 103 129 1 149 121 2 107 119 2 145 1 17 3 115 123 3 141 1 13 4 127 131 4 137 125 5 135 141 5 133 109 6 111 131 6 129 105

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